search query: @author Covill, L. / total: 4
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| Author: | Covill, L. |
| Title: | Speculate and be damned |
| Journal: | Euromoney
1997 : SEP, 9, p. 99-102 |
| Index terms: | ASIA CURRENCY CENTRAL BANKS FUNDS |
| Language: | eng |
| Abstract: | After the attack on the Asian currencies, Asian central bankers need to ask themselves hard questions. Why did the hedge funds go on the attack, and who provided the funding? Do they realize what banks are up to, have they decided which of these activities are legitimate, and are there any effective means of restraint? The governments of the region seem to react emotionally to new public enemy - speculators. The Thai government has threatened to set the local mafia on George Soros, mastermind of the Tiger and Quantum hedge funds. Bankers in Asia argue that hedge funds are rational investors who trade on fundamentals and their sole motive is profit. Soros is just a convenient target. |
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